Article date: 29 October 2004
Norwich Union International, Aviva’sDublin based offshore business, reports new business of€240.8m for the first nine months of 2004. That’s anincrease of 44% on the same period last year.
There is a continuing trend for sales to splitevenly between unit-linked and with-profit business. With-profit isa popular offshore proposition. With-profit business is reported inthe sales figures of Norwich Union Life in the UK where it isreinsured.
Clive Witter, managing director, Norwich UnionInternational, said: "Our new business figures have sustainedconsistent growth for some time now. We’re particularlypleased with this trend and expect it to continue into the future.Strong sales figures demonstrate that our strategy is working, thatwe have the right products in the right place at the right time andat the right price".
For further information:
Norwich Union International Mike Gogan 00 353 1 802 8415
Financial Dynamics Christine Wood 020 7269 7253
Notes to editors
- Norwich Union is the UK's largest insurer. It is the UK'slargest provider of life, pensions and investment products andone of the leading IFA providers.
- Norwich Union’s news releases and a selection of imagesare available from Aviva's internet press centre at www.aviva.com/media